Do More With Reuters

US STOCKS-Futures slightly higher on deal optimism

Thu May 15, 2008 6:40pm IST
 
Email | Print | | Single Page
[-] Text [+]

(Updates prices)

*Futures higher on optimism about deals

*Jobless claims tick up, NY manufacturing weakens

*A number of Federal Reserve officials to speak

By Kristina Cooke

NEW YORK, May 15 (Reuters) - U.S. stock index futures ticked higher on Thursday, helped by optimism about potential deals after CBS Corp (CBS.N: Quote, Profile, Research) said it would buy CNET Networks (CNET.O: Quote, Profile, Research) and billionaire investor Carl Icahn said he will run a dissident board slate for Yahoo Inc (YHOO.O: Quote, Profile, Research).

Shares of J.C. Penney Co Inc (JCP.N: Quote, Profile, Research) rose more than 2 percent to $45.50 before the bell after the retailer posted a quarterly profit that topped Wall Street's forecasts

Icahn is moving ahead with plans to run a dissident board slate at Yahoo in a bid to force the Internet company to sell itself to Microsoft Corp (MSFT.O: Quote, Profile, Research).

Shares of Yahoo rose 2.2 percent. CNET shares rose more than 40 percent.  Continued...

 
Photo

Catch the latest news, pictures, stats and live race commentary on our special Formula 1 page.  Full Coverage 

Photo

Record oil prices, rising inflation and political uncertainty is spooking investors and the markets. Track the latest on our markets page.  Full Coverage 

Photo

Catch the latest as India acts to quash inflation and guard food supplies.   Full Coverage 

Photo

India and South Asia market Technical Analysis with Phil Smith

REUTERS POLL

What concerns you more:
Nuclear deal
Price rise
Indian cricket team's performance
Symbol Bid Ask
BRENT CRUDE $0.00 $0.00
GOLD $0.00 $0.00
SILVER $0.00 $0.00